Stock Markets Drop after Bank of Japan Inaction

World share indexes have fallen after the Bank of Japan (BoJ) held off taking new measures to calm markets.

BoJ governor Haruhiko Kuroda said the central bank would consider fresh steps if borrowing costs spike in the future, but opted against further action now.

The news disappointed some investors, who are worried about the long-term prospects for monetary stimulus programmes in Japan and the US.

Stock markets in the US and Europe were all trading lower.

In Europe, London’s FTSE 100, France’s Cac-40 and Germany’s Dax ended the day down about 1%.

In New York, the Dow Jones fell 1% at the open, before recovering the loss during the course of morning trading.

Earlier, Japan’s Nikkei 225 index had closed down 1.45% at 13,317.62.

via BBC

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